Rhode Island General Laws 27-48-1. Short title
This chapter may be known as the “Business Transacted with Producer Controlled Insurer Act”.
History of Section.
P.L. 1992, ch. 445, § 9.
Terms Used In Rhode Island General Laws 27-48-1
- controlled: has the meaning ascribed in § 27-35-1(c);
(3) "Controlled insurer" means a licensed insurer which is controlled, directly or indirectly, by a producer;
(4) "Controlling producer" means a producer who, directly or indirectly, controls an insurer;
(5) "Director" means the director of the department of business regulation, or his or her designee;
(6) "Licensed insurer" or "insurer" means any person, firm, association, or corporation duly licensed to transact a property or casualty insurance business in this state. See Rhode Island General Laws 27-48-2